fraud

Singapore police probe two fiirms in alleged metal trade fraud - THE EDGE SINGAPORE

Company in the news

Singapore police probe two firms in alleged metal trade fraud

Singapore’s Commercial Affairs Department, a police unit for financial crime, is investigating two companies for alleged fraud related to a nickel investment scheme.

Company in the news

Singapore businessman charged with $761 mil Wirecard fraud

Singapore authorities charged the director of a local accounting firm with fraud for falsely claiming his company held 475.5 million euros ($761.19 million) on behalf of disgraced German payments b

FINANCE

Georgian billionaire sues Credit Suisse trust in Singapore over rogue trader

Bidzina Ivanishvili, the biggest victim of a rogue trader at Credit Suisse Group AG, is suing one of the bank’s trusts in Singapore for at least US$300 million ($415 million), opening a fresh front

Blockchain

Can blockchain tech prevent another Hin Leong?

Already buffeted by ferocious storms from the Covid-19 pandemic, Singapore’s financial landscape was thrown into further disarray in April following a financial scandal at leading oil trader firm H

Cybersecurity

Watch out! Your next travel booking might turn out to be a fraud

SINGPORE (June 12): Cybercriminals are capitalising on consumers’ risky holiday booking habits for their favourite destinations, according to McAfee.

Fintech

Forgers are forcing a US$9 tril business into the digital age

(May 6): The US$9 trillion ($12.3 trillion) business of financing global trade needs to go digital, according to southeast Asia’s second-biggest lender.

Singapore bans former HSBC, UOB bankers on fraud, dishonesty

SINGAPORE (April 11): Singapore has meted out lengthy bans to convicted former HSBC Holdings Plc and United Overseas Bank Ltd. bankers for fraud and dishonest conduct.

Cryptocurrency

No end in sight for crypto sell-off as Bitcoin approaches US$4,000

LONDON (Nov 21): Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as US regulators try to cl

Ex-billionaire Singh brothers found to have defrauded Fortis Healthcare

(Oct 18): India’s stock market regulator has determined the former owners of the nation’s second-largest hospital chain defrauded the company of 4 billion rupees ($74.9 million) and ordered that th

Management & Corporate Governance

PwC to pay FDIC US$625.3 million for failure to uncover fraud: US judge

(July 3): A federal judge on Monday said PricewaterhouseCoopers LLP must pay US$625.3 million ($855.3 million) in damages to the Federal Deposit Insurance Corp (FDIC) for failing to uncover fraud t

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